Washington is considered a community property state, meaning that all assets acquired during the marriage will be considered joint property of the spouses and divided equitably. While the courts do allow and even encourage couples to negotiate the terms of their asset distribution outside of the courtroom, understanding that the state prioritizes equitable distribution certainly gives each spouse some pretty compelling leverage. Bear in mind, however, that debt is also considered to be part of a marriage’s property. Other property that is subject to division in a divorce proceeding includes the marital home, retirement funds, business interests, cash, insurance policies, credit card and other debt, and any art, antiquities, or other valuables.